Andean Special Report: AFP Growth Outstrips Market

Andean Special Report: AFP Growth Outstrips Market

Peru Funds

by Ben Miller As LatAm asset holdings go, the $22 billion that Peru’s four private pension funds (AFPs) control may not challenge Chile ($100 billion) or Mexico ($83 billion). But these growing investors rake in about $3 billion per year, according to AFP Integra, and represent 18% of the county’s GDP. And they are still too much for the domestic market to handle.“Private pension funds are the biggest investor in Peru’s domestic markets, but the problem is that they are growing more than the markets,” says Gonzalo de las Casas, CIO at Integra, the largest AFP, with $7.15 billion equivalent under management as of June. AFPs need to be able to better re-invest all of

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